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Sunday, October 25, 2020
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Tag: klarna

PayPal enters UK’s market with Klarna like product

PayPal launches a new buy now, pay later product in the UK allowing users to pay in three instalments over a short period.

Klarna becomes Europe’s most valuable fintech hitting over $10 billion valuation

Swedish BNPL provider Klarna has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion.

Klarna is looking to raise $500 million and double valuation to $10bn

The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company's value to $10 billion.

PayPal enters the installment market with a new BNPL product

PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.

Swedish unicorn Klarna reports increase in net losses

The buy now, pay later market leader released its report for the first half of 2020. Although Klarna experienced growth in some sectors, the net loss is $59.8 million.

Klarna thrives under lockdown

The 'buy now pay later' Swedish fintech has recently seen the biggest transaction traffic from generation X.

Klarna rival ‘Curve credit’ plans to attract 300,000 UK customers

The 'all cards in one' fintech Curve has been testing its new lending option with just a small number of customers at the moment. The full launch is expected later this year.

Klarna has tightened lending during the lockdown

Buy now, pay later service Klarna has seen a boom in business during Britain's lockdown. However it tightened its rules on lending as a result of the financial uncertainty caused by the UK’s lockdown.

Klarna unveils ‘KlarnaSense’ – A new initiative to encourage smarter shopping

Klarna has launched the initiative KlarnaSense to encourage consumers to shop smarter by purchasing the right things, at the right time.

Klarna and Raisin team up to launch savings accounts in Germany

Swedish 'buy now - pay later' unicorn Klarna has partnered with the German online deposit marketplace platform Raisin to expand it’s offering in the German market.
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The Everly Summary (weekly TOP5 news)

Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the last week in a TOP 5 list!

Lunar, the Nordic challenger bank, raises €40m in Series C

Nordic challenger Lunar has managed to raise another €40 million in funding and is about to launch a BNPL product.

Gohenry launches new account designed for teens

Money app gohenry, has released pocket money account for customers aged 13 to 18 years.

Curve Credit will be powered by Thought Machine’s Vault

Thought Machine is a cloud-native core banking technology company and it has been selected by Curve to power it's new 'buy now, pay later' feature, the Curve Credit.